Mtechtips MCX-SX GBPINR INTRADAY trading analysis 08-11-2016
MTECHTIPS The Pound is weakening against Indian Rupee .Currently Pound is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The GBPINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is showing BUY signal For short term Pound is in HOLD LONG position.Positionally Support for GBPINR is 82.55-81.99-81.88-.Resistance for the GBPINR is 85.82-86.74-88.34-92.78-
In medium term Pound is relatively strengthening against Euro- Dollar- Yen- In long term Pound is relatively strengthening against Euro- Dollar- Yen-
Short term and Intraday Level of Pound with Rupee
Currently GBPINR is in HOLD LONG position In short term GBPINR is in strong up trend so hold with stop at 82.948 The GBPINR is now trading in highly overbought level. The GBPINR is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Sell if open below 82.804 or sell below 82.624 with stop loss at 83.517 Buy if open above 83.517 or buy above 83.697 with stop loss at 82.804.